Allied Market Research has recently published a report on the global internet security market, which is an extensive survey and in-depth examination of the entire industry for the period 2014–2021. The study is a comprehensive analysis of the market and scrutinizes the key driving factors, restraints, opportunities, and challenges faced by the key players engaged in the global industry. It highlights the different types of products available for enabling internet security, which includes hardware, software, and services. It explains the various technologies employed in cloud security, such as authentication, access control technology, content filtering, and cryptography. The key areas of applications across several sectors including BFSI, IT & telecom, retail, government, aerospace, and defense have also been explained under the scope of the report. The study also included relevant statistics, figures, and tables to enable a clearer understanding of the research conclusions.
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The global internet security market report outlines the creative growth of the industry in the given forecast period. According to the study, the global market is projected to earn an impressive revenue of nearly $46.5 billion by the year 2021. This would be possible with an expected CAGR of 8.4% during the forecast period 2016–2021. The report emphasizes on the various products and technologies used in the process of internet security across various industry verticals.
Key findings of the Internet Security Market Report:
- In terms of application types, the software security solutions segment accounted for a significant 74.8% of the entire market revenue. This can be attributed to the widespread adoption of software solutions among corporate as well as individual users.
- Industry leaders, such as Intel, HP, and Symantec invest heavily in cloud-based security solutions. This is why the services segment is estimated to project the highest CAGR of 14.3% during the forecast period.
- In 2015, BFSI was the highest revenue-generating segment. It is the education sector which is expected to show the most promising growth, with an estimated CAGR of 23.6% during the analysis period.
- The segment of internet security services would witness the fast growth over the next few years.
- In terms of size and growth, the Asia-Pacific region is estimated to pose a great investment pocket.
The report includes vital data and inputs about the various market segments, and the share, size, and forecast of each in the entire global industry. The significant values relating to segment trends and forecast volumes are also included in the report.
The major industry players engaged in the internet security market are looking at the expansion of their operations in various developed and developing nations by including efficient and accurate solutions in their product portfolios. Competitors believe in offering tailor-made and customized solutions that cater to the dynamic requirements of each end-user industry. The report includes a detailed study of competitors functioning in the market which has names, such Microsoft Corporation, International Business Machine (IBM) Corporation, Hewlett Packard (HP) Company, Google Incorporation, CISCO Systems Inc., Dell (SonicWall, Inc.), Kaspersky Lab, and Intel Corporation (McAfee, Inc.).
The study is a thorough examination of the global internet security market. It enables the interested business owners and investors understand the functioning of the market landscape with the aid of critical industry inputs. An extensive explanation of the drivers and opportunities of the market in the report will allow interested stakeholders to assess the industry’s potential and tap the promising investment pockets. A geographical analysis of the entire industry enables the business owners and investors to understand which regional market holds the maximum promise of growth and provides better sources for efficient decision-making. The assessment of risk factors and restraints to the market plays a vital role in helping players mitigate their potential losses. For those planning to expand their business and solution offerings, the report gives a clear view of the industry landscape.